tiptrot.com
tiptrot.com November 24, 2017


SoftBank to halt Sprint's T-Mobile merger talks, Nikkei says

01 November 2017, 12:12 | Deanna Wagner

T-Mobile may need a little self-confidence boost, because it looks like Sprint is leaving it at the altar.

Deutsche Telekom AG and SoftBank have outstretched a stand-off to their talks for merging T-mobile US Inc and Sprint Corporation on how many shares each one of them would hold in the amalgamation, a told by people known with the matter to Reuters.

Meanwhile, several members of SoftBank's board have raised concerns about giving up control of the United States wireless business, another person said. This time around, per a report by Japan's Nikkei, Son's SoftBank became concerned it would lose control should T-Mobile tmus take over Sprint. Bloomberg reported that deal talks have "hit a serious snag".

Sprint shares sank 9.5 percent in NY trading, while T-Mobile fell 5.5 percent.


The Nikkei Shimbun on Monday reported that SoftBank would propose ending the talks as early as yesterday, citing the concerns about control of the combined entity.

Several SoftBank directors raised strategic concerns in the Friday meeting about not owning or controlling a wireless network in the USA, though it wasn't clear whether the board had made a decision to call off the talks, a person familiar with the matter told Bloomberg News on Monday. Sprint, T-Mobile and SoftBank representatives didn't immediately reply to requests for comment. A similar deal was canceled over regulator concerns back in 2014.

Deutsche Telekom and T-Mobile declined to comment.

Deutsche Telekom, based on Bonn, Germany, has maintained throughout the talks this year with SoftBank that it should maintain control of the combined company.



Other News

Trending Now

India hammer Pakistan 4-0, enter Hockey Asia Cup 2017 final
From Praful Patel to Sports Minister Rajyavardhan Rathore congratulated the team and celebrated as India became Asian champions. The Indians, ranked sixth in the world, were in for nervous last 10 minutes but the defence did enough to hold on to the lead.

'Trailer Park Boys' star John Dunsworth dead at 71
Another cast member on the same show, Mike Smith who plays the character of Bubbles stated that he was beyond devastated. Dunsworth's death was announced on Twitter by his daughter and Trailer Park Boys co-star Sarah .

Podesta Group one of the companies mentioned in Manafort indictment
Amid the "Panama Papers" leak emerged a Party of Regions ledger listing $12.7 million in cash payments for Manafort. The Podesta Group also reported its relationship with the European Center under those disclosure rules.

Fox Renewed O'Reilly Contract Despite $32 Million Harassment Settlement
Schmidt reported on five previous settlements with women who had accused the host of sexual harassment . O'Reilly denied doing anything improper in an interview with the Times .

Jeremy Lin exits game with a right knee injury
The Nets had hoped Lin and recently-acquired point guard D'Angelo Russell could form a high-scoring duo as the team's foundation. Russell's role at the 2 is expected to be filled by some combination of Caris LeVert or Sean Kilpatrick .

At Least Five People Shot An An Office Park In Maryland
A park and much of the surrounding area around the business park were on lockdown amid the search for Prince. Police are on the scene of a shooting at a Maryland business park north of Baltimore.

Taylor Swift naked in new music video
The Internet seems to think Taylor Swift, pictured at the Met Gala on May 2, 2016 in New York City, is expecting her first child. Check out her latest video tease below, let us know your thoughts and be sure to follow IM on Twitter for the latest Music News.

Harvey Weinstein accused of rape by actress Natassia Malthe
The paper also reported that Weinstein reached private settlements with eight women, including actress Rose McGowan. Her lawyer Gloria Allred said Malthe is "considering" whether to make a report to police over the allegation.

Judge Denies NFL's Expedited Hearing Request; Zeke Plays Washington
After Sunday's matchup in San Francisco, the Cowboys will travel to Washington to take on the Redskins on 10/29. Elliott's temporary restraining order allows him to play Sunday, but expires after 14 days.

Republicans launch two new probes targeting Clinton, Obama
The FBI also claimed it uncovered evidence that Russian nuclear officials had funneled " millions " into the Clinton Foundation. On Tuesday, the two Republican chairmen of the House Judiciary and Oversight committees ― Rep.